Latest Update

Business Planning And Organization

Planning and organizing is the next step to take after having awareness and understanding of what it takes to start a successful business. This part will require ethics and social responsibility as it is what will provide moral standards that will determine the business success or failure state. Business ethics- address issues of morals in business; the business should establish balance between ethical exigency, economic experiency, and social responsibility.
Social responsibility- attitudes that supports laws and professional codes linked to the business organization.

Important Things Required For Making Of Plans

Business plan and Feasibility Report

Business plan is a written document that contains and describes all relevant internal and external elements and strategies for starting a new venture or operating an on going business. It's written by you(an entrepreneur), and sometimes with the help of consultants. It provides a clear view of all the sections that make up the plan; guiding you to make strategic relationships and sourcing for funds.
Feasibility Report is a brief sum up of events stating clearly where and what things are to be done.

Business plan is not only for the entrepreneur, but also for investors or creditors who may provide financial support. That's where a feasibility report is needed: you'll have to see that the benefits exceeds the costs. Before you get a loan, see through feasibility report.

_See Outline of Business Plan and Various Headings for each Section._